OMV stands for Open Market Value. OMV is assessed by the Singapore Customs, based on the price actually paid or payable for the goods when sold for export to the country of importation. This price includes purchase price, freight, insurance and all other charges incidental to the sale and delivery of the car to Singapore.

The total basic cost is the amount the dealer paid for to import and register the vehicle in Singapore. It includes the OMV, custom duty, GST, ARF, registration fees and COE.

The premium is the percentage by which the listed price is higher than the total basic cost paid by the car dealer to bring in the vehicle.

Why does Australia have it in for autos? Its a big country, lots of roads, not many people, average person per mile of highway is the lowest in the world, or close. Yes, that costs a lot to maintain, but sheesh.

Why does Australia have it in for autos? Its a big country, lots of roads, not many people, average person per mile of highway is the lowest in the world, or close. Yes, that costs a lot to maintain, but sheesh.

It's not Australia, it's like this pretty everywhere except for the U.S. of A and Canada to a certain extent. Try buying a car in Italy that has an engine with a displacement greater than 2.0L, you'll think the Mafia is running the gorvernment over there. Well it probably is.

It's not Australia, it's like this pretty everywhere except for the U.S. of A and Canada to a certain extent. Try buying a car in Italy that has an engine with a displacement greater than 2.0L, you'll think the Mafia is running the gorvernment over there. Well it probably is.

You and a few others are grossly mistaken.

New Zealand, the tiny country to the right of Australia on the map, does not have this much tax on vehicles.

He bought a volkswagen Scirocco (2 door coupe).
Except, taxes are so high in denmark, he couldn't afford the model with 4 seats,
so he got the "van" model which is the same car with no rear seats @ half the price.... lol